https://www.taxtmi.com/caselaws?id=296808 The court upheld the legality of the consolidation of share capital, finding it compliant with the Companies Act, 1956, and the articles of association. Allegations of oppression towards minority shareholders were dismissed as the consolidation was approved by a majority. The validity of the amended article 62A was upheld as legally permissible under the Act. The court concluded that the appellant's arguments lacked merit, dismissing the appeal and affirming the consolidation and amendment as lawful and just. en-us Tue, 03 Dec 2013 00:00:00 +0530 Sat, 07 Aug 2021 14:33:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296808 The court upheld the legality of the consolidation of share capital, finding it compliant with the Companies Act, 1956, and the articles of association. Allegations of oppression towards minority shareholders were dismissed as the consolidation was approved by a majority. The validity of the amended article 62A was upheld as legally permissible under the Act. The court concluded that the appellant's arguments lacked merit, dismissing the appeal and affirming the consolidation and amendment as lawful and just. Case-Laws Companies Law Tue, 03 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296808